In the hustle and bustle of life, owning a car is not just about convenience; it’s a financial asset that can be strategically leveraged in the face of unexpected challenges. For the average American middle-class family, Owntic.com emerges as a beacon of financial solutions, offering a unique approach to tackle common issues such as parents requiring care, rising rent, inflation, and price hikes on consumer goods.
1. Assurance for Care-Dependent Parents:
Owntic.com steps in to provide financial assurance when parents require care. Opting to sell and lease back their cars enables families to generate quick cash to handle unforeseen caregiving expenses without adding financial strain.
2. Flexible Solutions for Rising Rent:
Addressing the challenge of rising rent, Owntic.com introduces flexible solutions for American families. Selling and leasing back their cars allows families to adapt to increasing housing costs without compromising financial stability.
3. Combatting Inflation:
Owntic.com becomes a valuable ally in the fight against inflation. Selling and leasing back cars provides families with a financial strategy to navigate the rising costs associated with inflation and maintain a resilient financial outlook.
4. Alternative Financial Solutions for Consumer Price Hikes:
Families grappling with consumer goods’ price hikes find alternative financial solutions through Owntic.com. Selling and leasing back their cars offers families an economically sound strategy to resist the impacts of increasing prices on everyday products.
Owntic.com serves as a dedicated platform tailored to assist American middle-class families in navigating financial challenges. Through practical and effective solutions, families can strengthen their financial foundation for a more secure future.
AND NUMBERS..
Care-Dependent Parents:
According to the U.S. Census Bureau, the aging population in the United States is increasing. As of 2020, about 16.5% of the population was aged 65 and older.
The cost of elderly care varies, but on average, in-home care can range from $4,000 to $7,000 per month, and nursing home care can exceed $8,000 per month.
Rising Rent:
Rental prices in the United States have experienced fluctuations, with urban areas generally having higher rental costs.
The U.S. Bureau of Labor Statistics reports that the Consumer Price Index (CPI) for rent increased by 2.3% from December 2020 to December 2021.
Inflation:
Inflation rates in the U.S. have been a topic of concern. The CPI, a common measure of inflation, rose by 7% from December 2020 to December 2021, marking the highest year-over-year increase since 1982.
Consumer Price Hikes:
The cost of consumer goods has been impacted by inflation and supply chain disruptions. Prices for certain products, including vehicles, have experienced increases.
Car Ownership:
Owning a car is a common practice in the U.S. The Bureau of Transportation Statistics reported that there were approximately 281 million registered vehicles in the country as of 2019.
Middle-class households face various financial challenges, including healthcare costs, education expenses, and the need for retirement savings. The Pew Research Center defines the middle class as those earning between two-thirds and double the median household income.
